In recent news, healthcare management platform Laudio has announced that Memorial Hermann Health System, a leading healthcare provider in Houston, has joined its Series B funding round as a strategic investor. Additionally, Memorial Hermann plans to implement Laudio’s administrative workflows to improve employee efficiency and engagement.
Laudio’s AI-enabled platform provides healthcare management personnel with recommendations on how to engage with their teams more effectively to reduce burnout and employee turnover. It also automates repetitive tasks, streamlining operations within healthcare systems.
Dr. Feby Abraham, Executive Vice President and Chief Strategy Officer for Memorial Hermann Health System, expressed the organization’s commitment to utilizing innovative digital tools to support system-wide improvements and better engage employees, given the challenges faced by the industry in recent years.
In 2019, Laudio raised $7.3 million in Series A funding to expand its platform and establish itself as a leader in the healthcare technology space. Since then, the company has partnered with several other healthcare providers such as Tufts Medical Center, Novant Health, UNC Health, Northwell Health and Nebraska Medicine. These partnerships have allowed the platform to reach a wider audience of healthcare providers across the United States.
Other companies in the healthcare industry are also making waves in this sector with significant investments made towards innovative technologies and platforms that support the industry and its employees. For example, Practice Better secured a $27 million growth investment earlier this year in April. As these investments continue to flow into this sector it is clear that there is growing demand for innovative solutions that will help improve patient care while supporting staff wellbeing